8-K Announcements
6Material company update
May 5, 2026·SEC
Material company update
Feb 24, 2026·SEC
Material company update
Dec 1, 2025·SEC
Bowhead Specialty Holdings Inc.(BOW)Earnings, Financials & Key Ratios
BOW•NYSE•Insurance & Managed Care
17.2× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryProperty & Casualty InsuranceSub-IndustrySpecialty and excess surplus insurers
AboutBowhead Specialty Holdings Inc. provides specialty property and casualty insurance products in the United States. It underwrites casualty insurance solutions for risks in the construction, distribution, heavy manufacturing, real estate, and hospitality segments; professional liability insurance solutions for financial institutions, private and public directors and officers liability insurance, errors and omissions liability insurance, and cyber segments; and healthcare solutions for hospitals, senior care providers, managed care organizations, miscellaneous medical facilities, and healthcare management liability segments. The company distributes its products through distribution partners in wholesale and retail markets. Bowhead Specialty Holdings Inc. was formerly known as Bowhead Holdings Inc. and changed its name to Bowhead Specialty Holdings Inc. in March 2024. The company was founded in 2020 and is based in New York, New York. Bowhead Specialty Holdings Inc. operates as a subsidiary of Bowhead Insurance Holdings LP.Show more
- Revenue$552M+29.6%
- Combined Ratio87.8%-0.4%
- Net Income$54M+40.6%
- Return on Equity13.14%-3.4%
- Medical Cost Ratio67.91%+3.0%
- Operating Margin12.2%+2.8%
- Net Margin9.75%+8.5%
- ROA2.67%-6.3%
- Equity / Assets18.9%-15.6%
BOW Key Insights
Bowhead Specialty Holdings Inc. (BOW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Profitable underwriting: 87.8% combined ratio
✗Weaknesses
- ✗Shares diluted 13.4% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when BOW posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
BOW Price & Volume
Bowhead Specialty Holdings Inc. (BOW) stock price & volume — 10-year historical chart
Loading chart...
BOW Growth Metrics
Bowhead Specialty Holdings Inc. (BOW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years43.26%
TTM27.5%
Profit CAGR
10 Years-
5 Years-
3 Years68.43%
TTM36.84%
EPS CAGR
10 Years-
5 Years-
3 Years64.07%
TTM32.06%
Return on Capital
10 Years17.48%
5 Years17.48%
3 Years3.72%
Last Year3.35%
BOW Recent Earnings
Bowhead Specialty Holdings Inc. (BOW) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (100%)●Beat Revenue 4/12 qtrs (50%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.48+14.3%
$0.42
Rev
$217M+2.4%
$212M
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$0.47+4.4%
$0.45
Rev
$224M+3.4%
$217M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.47+17.5%
$0.40
Rev
$144M-1.4%
$146M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.37+2.8%
$0.36
Rev
$133M-6.2%
$142M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.48vs $0.42+14.3% | $217Mvs $212M+2.4% |
| Q1 2026 | Feb 24, 2026 | $0.47vs $0.45+4.4% | $224Mvs $217M+3.4% |
| Q4 2025 | Nov 4, 2025 | $0.47vs $0.40+17.5% | $144Mvs $146M-1.4% |
| Q3 2025 | Aug 5, 2025 | $0.37vs $0.36+2.8% | $133Mvs $142M-6.2% |
Based on last 12 quarters of dataView full earnings history →
BOW Peer Comparison
Bowhead Specialty Holdings Inc. (BOW) competitors in Specialty and excess surplus insurers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 KNSL | 7.15B | 308.85 | 14.27 | 18.04% | 27.48% | 28.05% | 0.11 | |
 RLI | 4.88B | 53.09 | 12.18 | 6.33% | 20.8% | 22% | 0.06 | |
 JRVR | 181.58M | 3.95 | 5 | -2.83% | 4.34% | 4.72% | 0.49 | |
 SKWD | 2.25B | 50.56 | 12.42 | 23.18% | 11.82% | 18.15% | 0.12 | |
 HRTG | 706.24M | 23.27 | 3.68 | 3.71% | 25.99% | 43.68% | 0.20 | |
 WRB | 25.16B | 67.18 | 15.10 | 7.82% | 12.1% | 18.86% | 0.29 | |
 MKL | 23.11B | 1847.16 | 10.92 | -0.96% | 10.7% | 9.56% | 0.23 | |
 HIG | 35.27B | 128.25 | 9.63 | 7.1% | 14.13% | 22.01% | 0.23 |
Compare BOW vs Peers
Bowhead Specialty Holdings Inc. (BOW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BOW Income Statement
Bowhead Specialty Holdings Inc. (BOW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Revenue | 187.6M | 283.42M | 425.59M | 551.54M | 583.59M |
Revenue Growth % | - | 51.07% | 50.16% | 29.59% | 27.5% |
Medical Costs & Claims | 126.95M | 187.22M | 280.5M | 374.54M | 382.79M |
Medical Cost Ratio % | 67.67% | 66.06% | 65.91% | 67.91% | 65.59% |
Gross Profit | 60.65M▲ 0% | 96.2M▲ 58.6% | 145.1M▲ 50.8% | 177M▲ 22.0% | 200.8M▲ 0% |
Gross Margin % | 32.33% | 33.94% | 34.09% | 32.09% | 34.41% |
Gross Profit Growth % | - | 58.62% | 50.83% | 21.99% | - |
Operating Expenses | 45.99M | 64.09M | 94.56M | 109.7M | 127.4M |
OpEx / Revenue % | 24.51% | 22.61% | 22.22% | 19.89% | 21.83% |
Depreciation & Amortization | 727K | 2.27M | 3.87M | 1.78M | 1.38M |
Combined Ratio % | 92.19% | 88.67% | 88.13% | 87.8% | 87.42% |
Operating Income | 14.66M▲ 0% | 32.12M▲ 119.1% | 50.53M▲ 57.4% | 67.3M▲ 33.2% | 73.4M▲ 0% |
Operating Margin % | 7.81% | 11.33% | 11.87% | 12.2% | 12.58% |
Operating Income Growth % | - | 119.05% | 57.36% | 33.17% | - |
EBITDA | 15.39M | 34.38M | 54.4M | 69.08M | 74.78M |
EBITDA Margin % | 8.2% | 12.13% | 12.78% | 12.52% | 12.81% |
Interest Expense | 0 | 0 | 725K | 2.01M | 1.76M |
Non-Operating Income | 0 | 0 | -725K | -2.01M | -1.76M |
Pretax Income | 14.66M▲ 0% | 32.12M▲ 119.1% | 50.53M▲ 57.4% | 67.3M▲ 33.2% | 73.4M▲ 0% |
Pretax Margin % | 7.81% | 11.33% | 11.87% | 12.2% | 12.58% |
Income Tax | 3.4M | 7.07M | 12.29M | 13.51M | 15.03M |
Effective Tax Rate % | 23.22% | 22.01% | 24.32% | 20.08% | 20.47% |
Net Income | 11.26M▲ 0% | 25.05M▲ 122.5% | 38.24M▲ 52.7% | 53.79M▲ 40.6% | 58.37M▲ 0% |
Net Margin % | 6% | 8.84% | 8.99% | 9.75% | 10% |
Net Income Growth % | - | 122.52% | 52.69% | 40.64% | 36.84% |
EPS (Diluted) | 0.36▲ 0% | 0.79▲ 119.4% | 1.29▲ 63.3% | 1.59▲ 23.3% | 1.75▲ 0% |
EPS Growth % | - | 119.44% | 63.29% | 23.26% | 32.06% |
EPS (Basic) | 0.36 | 0.79 | 1.31 | 1.64 | - |
Diluted Shares Outstanding | 31.53M | 31.53M | 29.68M | 33.65M | 33.28M |
BOW Balance Sheet
Bowhead Specialty Holdings Inc. (BOW) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Total Assets | 565.21M | 1.03B | 1.65B | 2.37B | 2.48B |
Asset Growth % | - | 81.86% | 60.94% | 43.35% | 159.32% |
Total Investment Assets | 282.92M | 0 | 889.99M | 1.37B | 4M |
Long-Term Investments | 282.92M | 0 | 0 | 0 | 0 |
Short-Term Investments | 282.92M | 0 | 889.99M | 1.37B | 1.52B |
Total Current Assets | 670.44M | 118.07M | 1.1B | 1.6B | 1.66B |
Cash & Equivalents | 64.66M | 118.07M | 97.48M | 233.77M | 141.53M |
Receivables | 93.02M | 39.92M | 319.33M | 0 | 840.48M |
Other Current Assets | 155.29M | -39.92M | -357.31M | 0 | 0 |
Goodwill & Intangibles | 13.67M | -269.03M | 27.63M | 0 | 65.65M |
Goodwill | 0 | -288.44M | 0 | 0 | 0 |
Intangible Assets | 13.67M | 19.41M | 27.63M | 0 | 0 |
PP&E (Net) | 6.05M | 7.6M | 6.84M | 10.64M | 11.31M |
Other Assets | -407.87M | 610.34M | -7.29M | 0 | 0 |
Total Liabilities | 481.83M | 835.78M | 1.28B | 1.92B | 2.02B |
Total Debt | 0 | 0 | 4.3M | 0 | 0 |
Net Debt | -64.66M | -118.07M | -93.18M | -233.77M | -141.53M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
Short-Term Debt | 0 | 0 | 1.5M | 0 | 0 |
Total Current Liabilities | 0 | 0 | 1.57M | 314K | 6.21M |
Accounts Payable | 23.69M | 40.44M | 51.86M | 0 | 0 |
Deferred Revenue | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | -37.23M | -55.38M | -71.36M | 314K | 6.21M |
Deferred Taxes | 1000K | 0 | 1000K | 0 | 0 |
Other Liabilities | 343.76M | 835.78M | 873.36M | 1.92B | 2.01B |
Total Equity | 83.37M▲ 0% | 192.08M▲ 130.4% | 370.44M▲ 92.9% | 448.27M▲ 21.0% | 457.9M▲ 0% |
Equity Growth % | - | 130.38% | 92.86% | 21.01% | 75.73% |
Shareholders Equity | 83.37M | 192.08M | 370.44M | 448.27M | 457.9M |
Minority Interest | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | -381K | 24.67M | 62.91M | 116.69M | 132.71M |
Common Stock | 0 | 240K | 327K | 328K | 328K |
Accumulated OCI | -16.69M | -11.37M | -11.15M | 5.35M | -3.12M |
Return on Equity (ROE) | 13.5% | 18.19% | 13.6% | 13.14% | 13.39% |
Return on Assets (ROA) | 1.99% | 3.14% | 2.85% | 2.67% | 2.63% |
Equity / Assets | 14.75% | 18.69% | 22.39% | 18.9% | 18.47% |
Debt / Equity | - | - | 0.01x | - | 0.00x |
Book Value per Share | 2.64 | 6.09 | 12.48 | 13.32 | 13.76 |
Tangible BV per Share | 2.21 | 14.62 | 11.55 | 13.32 | 13.76 |
BOW Cash Flow Statement
Bowhead Specialty Holdings Inc. (BOW) cash flow — operating, investing & free cash flow history
| Metric | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
Cash from Operations | 181.64M | 236.22M | 294.29M | 331.59M | 347.48M |
Operating CF Growth % | - | 30.05% | 24.58% | 12.67% | 80.56% |
Operating CF / Revenue % | 96.82% | 83.35% | 69.15% | 60.12% | 59.54% |
Net Income | 11.26M | 25.05M | 38.24M | 53.79M | 58.37M |
Depreciation & Amortization | 727K | 2.27M | 3.87M | 1.78M | 412K |
Stock-Based Compensation | 368K | 683K | 4.1M | 7.24M | 1.74M |
Deferred Taxes | -2.97M | -4.36M | -6.17M | -6.53M | -2.7M |
Other Non-Cash Items | 570K | -2.27M | -532K | 3.94M | 192.46M |
Working Capital Changes | 171.69M | 214.86M | 254.77M | 271.37M | 97.2M |
Cash from Investing | -187.46M | -274.76M | -325.88M | -464.39M | -474.97M |
Capital Expenditures | -3.97M | -3.82M | -3.11M | -5.57M | -55K |
Acquisitions | 0 | 0 | 0 | 0 | 0 |
Purchase of Investments | -198.29M | -367.25M | -612.93M | -828.16M | -161.99M |
Sale/Maturity of Investments | 14.81M | 96.3M | 290.16M | 369.34M | 126.48M |
Other Investing | 0 | 0 | 0 | 0 | -439.4M |
Cash from Financing | -1M | 77.66M | 133.89M | 144.52M | 145.56M |
Dividends Paid | -25M | 0 | 0 | 0 | 0 |
Share Repurchases | -25M | 0 | 0 | 0 | 0 |
Stock Issued | 24M | 77.66M | 133.82M | 0 | 0 |
Debt Issuance (Net) | -1000K | 1000K | 0 | 1000K | 1000K |
Other Financing | 26M | -77.66M | 64K | -5.48M | -833K |
Net Change in Cash | -6.81M▲ 0% | 39.12M▲ 674.1% | 102.29M▲ 161.5% | 11.71M▼ 88.6% | 18.08M▲ 0% |
Exchange Rate Effect | 0 | 1K | 0 | 0 | 0 |
Cash at Beginning | 87.47M | 80.65M | 119.77M | 222.06M | 233.77M |
Cash at End | 80.65M | 119.77M | 222.06M | 233.77M | 141.53M |
Free Cash Flow | 177.67M▲ 0% | 232.41M▲ 30.8% | 291.18M▲ 25.3% | 326.02M▲ 12.0% | 341.86M▲ 0% |
FCF Growth % | - | 30.81% | 25.29% | 11.97% | 15.27% |
FCF Margin % | 94.71% | 82% | 68.42% | 59.11% | 58.58% |
FCF per Share | 5.64 | 7.37 | 9.81 | 9.69 | 10.27 |
BOW Key Ratios
Bowhead Specialty Holdings Inc. (BOW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|
Combined Ratio | 88.67% | 88.13% | 87.8% | 87.42% |
Medical Cost Ratio | 66.06% | 65.91% | 67.91% | 65.59% |
Return on Equity (ROE) | 18.19% | 13.6% | 13.14% | 13.39% |
Return on Assets (ROA) | 3.14% | 2.85% | 2.67% | 2.63% |
Equity / Assets | 18.69% | 22.39% | 18.9% | 18.47% |
Book Value / Share | 6.09 | 12.48 | 13.32 | 13.76 |
Debt / Equity | - | 0.01x | - | 0.00x |
Revenue Growth | 51.07% | 50.16% | 29.59% | 27.5% |
Related:BOW Dividend History·BOW Revenue History·BOW Price History·BOW P/E History·BOW Financial Ratios·BOW Institutional Holders
BOW SEC Filings & Documents
Bowhead Specialty Holdings Inc. (BOW) SEC filings — annual & quarterly reports (10-K, 10-Q)
BOW Frequently Asked Questions
Bowhead Specialty Holdings Inc. (BOW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Bowhead Specialty Holdings Inc. (BOW) grew revenue by 29.6% over the past year. This is strong growth.
Yes, Bowhead Specialty Holdings Inc. (BOW) is profitable, generating $58.4M in net income for fiscal year 2025 (9.8% net margin).
Dividend & Returns
Bowhead Specialty Holdings Inc. (BOW) has a return on equity (ROE) of 13.1%. This is reasonable for most industries.
Industry Metrics
Bowhead Specialty Holdings Inc. (BOW) has a combined ratio of 87.8%. A ratio below 100% indicates underwriting profitability.